Fuel and Energy Sector // Analysis

13 february 2017

The Phoenix: Prospects of Egypt’s Oil and Gas Sector

Anna Manafova Expert at the Institute of the Middle East, graduate of International Institute of Energy Policy and Diplomacy at MGIMO


In less than two years, the hydrocarbon sector of Egypt passed two symbolic milestones. In 2014, the used-to-be-gas-exporter first became a net importer of natural gas. At that time, there was little prospect for Egypt’s oil & gas exporting potential. However, the discovery of the supergiant gas field Zohr in August 2015 and the events that followed reversed the situation, reviving hope for Egypt to win back its role of gas exporter. Who will take part in developing the Egyptian hydrocarbon sector, and will this country return to exporting its natural gas?

24 november 2016

Gazprom Gaining Ground in Europe

Viktor Katona Oil Supply Specialist at MOL Group, RIAC expert


Gazprom seems to be serious in its intention to smooth out differences with the European Commission. After breakdown of the «South Stream» pipeline project, «North Stream-1» multi-year obstructionism, and numerous attempts by Brussels to deprive the Russian gas giant of a competitive advantage in prevent its dominance, events in recent months might boost new projects of the Russian export monopolist in Europe.

12 september 2016

Is the Eastern Mediterranean a New Competitor for Russia on the European Gas Markets?

Anna Manafova Expert at the Institute of the Middle East, graduate of International Institute of Energy Policy and Diplomacy at MGIMO


Over the course of less than ten years, large reserves of gas were discovered in Eastern Mediterranean countries (Israel, Cyprus and Egypt), and some say this gas could soon be exported to Europe. When can such exports be organized? In what quantities? And how? And will the Levantine “blue fuel” not challenge Russia’s positions on the European market?

17 august 2016

Pipe Dreams: Russia at the Gas Flows’ Crossroads

Igbal Guliyev PhD, Associate Professor, Deputy Director, International Institute of Energy Policy and Diplomacy, MGIMO-University, RIAC expert


Geopolitical processes in today’s world increased the strategic significance the Black Sea region has for Russia, and also buttressed the ambitions of Turkey and Bulgaria. The latest geoeconomic and political factors prompt the revival of negotiations on the previously frozen pipeline projects designed to export Russian gas to Europe. Let’s note that the South Stream and the Turkish stream had been frozen due to the cooling in Russia’s relations with Bulgaria and Turkey respectively.

02 august 2016

Despite the Sanctions and Ukraine

Viktor Katona Oil Supply Specialist at MOL Group, RIAC expert


Nord Stream 2 is the most dynamically developing gas transportation project in Europe. Even though the stakeholders only signed the Agreement in September 2015, 10 months later the outlines of Nord Stream 2 are already clear and precise. Still, Nord Stream 2 has to deal with several issues, which will pose a serious challenge for the international consortium.

03 june 2016

The Structure of Energy Politics in the South Caucasus: Grounds for Consolidation or Cooperation?

Alexander Eliseev Program Coordinator Russian International Affairs Council (RIAC)


South Caucasus has the potential of becoming a stumbling block for both the EU and the EEU in terms of energy cooperation. For now the region remains on the bottom of priority list for both Europe and EEU countries, but in the future when the latter finalize their common energy policy, the South Caucasus may face intense competition from both neighbors. Still the remaining obstacles both within the region and outside of it create too many unresolved issues, which in turn hinder the smooth development of cooperation.

19 april 2016

All By Yourself

Viktor Katona Oil Supply Specialist at MOL Group, RIAC expert


Only a few believed that the meeting of oil producers held in Doha on April 17, 2016 would be so futile. It was largely due to the unyielding stance of Saudi Arabia that the participating countries failed to reach an agreement and left without any prospects of holding another round of talks. The document freezing oil production at the January 2016 level that was developed by experts from Russia, Saudi Arabia, Venezuela and Qatar and which is set to expire this October, was cancelled by Riyadh.

15 march 2016

When You Just Can’t Say “Yes”. Are Oil Prices Likely to Go Up?

Sophia Kortunova International College of Economics and Finance, Higher School of Economics


The tentative agreement among oil exporting countries to freeze oil production rekindled the practically extinguished hopes for a turn of the bearish trend and an increase in the price of black gold. The next meeting to discuss the issue is to take place between March 20 and April 1, 2016. More than 15 countries have joined the agreement so far, including Russia, Saudi Arabia, Nigeria, Qatar and Venezuela. Some big American companies are also planning to cut production.

10 march 2016

Nord Stream 2: Pros and Cons

Viktor Katona Oil Supply Specialist at MOL Group, RIAC expert


When Gazprom announced that it was adding two gas pipelines to the Nord Stream project at the St. Petersburg International Economic Forum in June 2015, few people expected the company to garner so much interest in such a short time. The initiative, which has since been given the name Nord Stream 2, is now key to Gazprom’s European ambitions, following the failures of South Stream and Turkish Stream.

29 february 2016

Sweet-and-Sour Sino-Russian Gas Project

Anna Tikhonova Mphil in International Energy, L'Institut d'etudes politiques de Paris Sciences Po


The 4000 km-long “Power of Siberia” pipeline stretching from Chayadinskoe and Kovytskoe gas fields in Eastern Siberia to Vladivostok prior to entering China emerged as a $400 bln deal resulting from two decades of deliberations between Russia and China. While the strategic partnership on cooperation was signed by Yeltsin and Jiang back in 1996, it was only after Putin’s visit to Beijing in 2006 that Russia started considering the importance of neighboring Asian markets.

Discussion: 1

All tags